Pensions

Pensions – Preparing for retirement

One of the biggest goals in life is a happy, comfortable retirement. At whatever age you plan to stop working, you will want to ensure you have enough money to go with your new-found freedom. Perhaps your aim is to have paid off your mortgage, go travelling, or buy a cottage by the sea. It’s worth knowing that even the small financial decisions you make between now and then could affect your ability to retire when and how you want. A regularly reviewed financial plan, starting now, will keep you on track to achieve whatever aims you set yourself.

Pension Planning – before retirement

Have you made any plans?

Did you know that from 2012 employers with more than a few employees will be compelled to offer you a pension scheme.

Pension Planning – consolidation of existing / stale pensions

You may well have pensions that you accumulated previously in different jobs in the past.

Do you know how they are doing?

• Are the investments still suitable for your needs?

• Did you know you are entitled to move all your pensions into a new scheme?

Pension Planning – in Retirement

Did you know that you do not have to accept the pension offered by your existing scheme? You may do better by:-

• Deferring your pension

* Using the new pensions freedoms from April 2016 to the best of your advantage for you and your family.

• Not taking an annuity

• Checking the for the most competitive annuity for your circumstances